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. >> getner says the obama administration is only too willing to go over the qulif. cliff. do they mean marginal rates, or just rates. >> that's what's going to be worked out, the last minute deal that's where you find wiggle room. >> i guarantee you there's guys in boehner's camp that are ready to go over, too. >> but he's been moving to marginalize those peel. this is his way of taking control of the party. >> the question is why do they care where the money comes from. if you have a revenue target, then fine. but we need $800 million in revenue. john wehner figured it out. and boehner can turn around and say i need $6 trillion in titlement cuts. and they can each take each other's playbook and try and figure out what they would like best to -- figure out the number and figure out how to get there. >> i don't know. both sides seem to be only too willing to do it. they're in the booking rove on fox because of that fiasco. which made good tv, but apparent apparently, i don't know, but he says republicans will get the blame for going off the cliff, but the president will be
. >> getner says the obama administration is only too willing to go over the qulif. cliff. do they mean marginal rates, or just rates. >> that's what's going to be worked out, the last minute deal that's where you find wiggle room. >> i guarantee you there's guys in boehner's camp that are ready to go over, too. >> but he's been moving to marginalize those peel. this is his way of taking control of the party. >> the question is why do they care where the money...
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Dec 1, 2012
12/12
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that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> in raw politics, with the country one day closer to the fiscal cliff, president obama took his case to the public today. he used an event in pennsylvania to rachet up the pressure on republicans to freeze taxes for the middle class while allowing the tax rates on the wealthy to go up. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> in other words, the day after the white house puts its opening bid on the table, the president comes out swinging. that opening bid didn't have a whole lot of concessions in it to the republicans, and the republicans reacted as many would have predicted. they were mad. basically saying that offer was an insult. today, house speaker john boehner doubled down. >> it was not a serious proposal. and so right now, we're almost nowhere. >> that doesn't sound good. republican c
that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> in raw politics, with the country one day closer to the fiscal cliff, president obama took his case to the public today. he used an event in pennsylvania to rachet up the pressure on republicans to freeze taxes for the middle class while allowing the tax rates on the wealthy to go up. >> if congress does nothing, every family in america will see their income taxes automatically go up on january...
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Dec 5, 2012
12/12
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president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. another thing to keep in mind is that president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that created surpluses in the latter half of the clinton presidency. it's a more complicated picture. definitely there are folks who want tax increases but let's not gloss over president obama is talking about way higher taxes than we saw during the clinton era on the high earners. >> that's true. when you talk about capital gains. all right. want to talk about a party going on tonight. james, pretty good. there is a party going on, jack kemp foundation is having a party and marco rubio is speaking. paul ryan is speaking. they both wan
president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. another thing to keep in mind is that president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in...
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Dec 6, 2012
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they're not going to move at all on tax rates. but you've got a lot of moderates in the republican conference from the suburbs and other places around the country who are saying obama won, maybe got to give them a little bit of room on rates. >> all right, robert costa, we'll see how this whole thing turns out. now let's break down today's market action. the dow popped. unfortunately, apple dropped. the dow jones was up 83 points. apple fell about 6.5%. here now to help us break it down, danielle hughes, ceo of divine capital markets. it's very interesting to me. fiscal cliff or not, china, europe, whatever, the s&p 500 up 12.1% year to date. that is a good year. that is an optimistic year. why is that? >> it seems like we're forgetting about that, doesn't it? with all this talk about what's happening going forward and concern about corporate growth. and truly, we're concerned about corporate growth as well because there really hasn't been that long-term information from our government, from our policyholde policyholders, no econo
they're not going to move at all on tax rates. but you've got a lot of moderates in the republican conference from the suburbs and other places around the country who are saying obama won, maybe got to give them a little bit of room on rates. >> all right, robert costa, we'll see how this whole thing turns out. now let's break down today's market action. the dow popped. unfortunately, apple dropped. the dow jones was up 83 points. apple fell about 6.5%. here now to help us break it down,...
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Nov 30, 2012
11/12
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the top rate going to go up to 44%, including obama care. i think these two companies are going to offer great opportunities at these levels with their valuations to investors in a marketplace. >> what's very interesting, keith isn't with us but one thing i know he wanted to talk about was why he wasn't going to recommend buying guess even though they had a special dividend. that's a very interesting situation where a company's fundamentals may not be up to snuff. when does the special dividend get in the way or fool people into buying something they ought not be buying? >> i'll tell you one thing. i think over the next 6 to 12 months investors are not going to be so keen to get involved in companies that have these dividend because they know what they're going to get taxed on. you're going to see a rotation going into muni bonds. in the short term i think it will be a benefit to investors to have these companies. over the longer term they'll have to rethink in terms of the companies that are issue is these special dividend. >> thank you, ap
the top rate going to go up to 44%, including obama care. i think these two companies are going to offer great opportunities at these levels with their valuations to investors in a marketplace. >> what's very interesting, keith isn't with us but one thing i know he wanted to talk about was why he wasn't going to recommend buying guess even though they had a special dividend. that's a very interesting situation where a company's fundamentals may not be up to snuff. when does the special...
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Dec 6, 2012
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i think that they're very sensitive to obama looking like he is leading on this. right? like during the health care debate there wasn't any -- there was some -- during the health care debate -- >> they claim they're not going to do anything until boehner's budget. >> as the clock ticks down, the pressure is going to be on to do something, get something done. >> trivia time we ask name the three governors who had that job, left it and now have it again. we told you it was a super easy one to answer and many of you did. jerry brown, might not only we have a clinton match i think we have a clinton-jerry brown rematch in the primaries in 2016. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me
i think that they're very sensitive to obama looking like he is leading on this. right? like during the health care debate there wasn't any -- there was some -- during the health care debate -- >> they claim they're not going to do anything until boehner's budget. >> as the clock ticks down, the pressure is going to be on to do something, get something done. >> trivia time we ask name the three governors who had that job, left it and now have it again. we told you it was a...
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Dec 4, 2012
12/12
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one person asked, why won't keeping tax rates low across the board encourage more hires and therefore, more tax revenue? the president responded, high-end tax cuts do the least for economic growth and cost almost $ 1 trillion. extending middle class cuts boosts consumer demand and growth. the white house released a video today showing how president obama has been consistent on his message throughout the last couple of years. it was central to his campaign. >> we need to give tax relief to working families trying to raise their kids to keep them healthy, send them to college, keep a roof over their heads. that's the choice in this election. that's one of the reasons i'm running for a second term as president. >> how quickly we forget. in the words of secretary timothy geithner, this is why republicans have no choice but accepting the tax increases on the wealthiest americans. >> why does it make sense for the country to force tax increases on all americans because a small group of republicans want to extend for 2% of americans? why does that make any sense. there's no reason why that s
one person asked, why won't keeping tax rates low across the board encourage more hires and therefore, more tax revenue? the president responded, high-end tax cuts do the least for economic growth and cost almost $ 1 trillion. extending middle class cuts boosts consumer demand and growth. the white house released a video today showing how president obama has been consistent on his message throughout the last couple of years. it was central to his campaign. >> we need to give tax relief to...
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avoiding the fiscal cliff, a northern virginia couple to highlight his push for extending current tax rates for everyone but the top 2%. new associated press poll shows there is clear support for mr. obama's plan in the poll 48% want the tax cuts on incomes exceeding quarter million dollars a year to expire in january while continuing them for everyone else. 32% want to renew the tax cuts for everyone. findings seem to strengthen the president's hand in his negotiations >> recall alert for parents from 7 on your side. government is taking action against makers of nap nanny, a portable baby recliner, after five infanned -- five infant deaths. the nap nanny poses risk of injury and death to infants. the commission says it is a dangerous product with a faulty sign. coming up on "good morning america" at 7:00, why the makers are refusing to pull its product. >>> this afternoon cal will hold a news conference to introduce the bear's new coach, sonny dykes has hired yesterday to rebill the program he leaves louisiana tech after three seasons. this year -- his bulldogs led the nation in scoring. h
avoiding the fiscal cliff, a northern virginia couple to highlight his push for extending current tax rates for everyone but the top 2%. new associated press poll shows there is clear support for mr. obama's plan in the poll 48% want the tax cuts on incomes exceeding quarter million dollars a year to expire in january while continuing them for everyone else. 32% want to renew the tax cuts for everyone. findings seem to strengthen the president's hand in his negotiations >> recall alert...
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obama is prepared to take the economy over the cliff unless republicans agree to raise tax rates on the wealthy. >>> meantime in georgia, some activists expressed frustration about the stalemate in holiday spirit. they delivered symbolic lumps of coal to the offices of both of their state's u.s. senators. but security guards met them outside of republican saxby chambliss' office. eventually, a few were let inside, but without the camera and media present. of course. that would have been the real story. >> folks are upset now. see what happens january 1 after you get the first paycheck and go, oh, this is what the fiscal cliff meant. yeah. whoo, 2013. >>> all right. the next story involves a new grassroots campaign that is starting. meant to draw attention to the nation's debt crisis. it is our "favorite story of the day." the campaign is called -- "the can kicks back." >> the campaign is aimed at young people and features former republican senator allen simpson, a rather spry allen simpson at that. >> stop instagraming your breakfast and tweeting your problems and getting on youtube so
obama is prepared to take the economy over the cliff unless republicans agree to raise tax rates on the wealthy. >>> meantime in georgia, some activists expressed frustration about the stalemate in holiday spirit. they delivered symbolic lumps of coal to the offices of both of their state's u.s. senators. but security guards met them outside of republican saxby chambliss' office. eventually, a few were let inside, but without the camera and media present. of course. that would have...
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Dec 6, 2012
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rates. impasse is not an option. means everybody's taxes go up, but if the president has his way, taxes are going to go up on those very wealthy folks making over $200,000, but most are not very wealthy or folks, most are small businesses filing subchapter "s" companies, about 88% of net small business income will be for these taxes when we're depending on them to create two-thirds of the new jobs. boehner's trying to mitigate that mess. i wish him luck. something's going to f to have to give. >> something is going to have to give. from everybody i've talked to and from what we've heard, there two options for the country. one, go over the cliff. the other, extend the bush tax cuts for the 98% of americans. everyone who makes under $200,000 a year if they're single, $250,000 if they're a family. those seem to be the two choices. between those, which do you pick? >> but, if we do that and raise the taxes on those small businesses we were just talking about, according to the congressional budge
rates. impasse is not an option. means everybody's taxes go up, but if the president has his way, taxes are going to go up on those very wealthy folks making over $200,000, but most are not very wealthy or folks, most are small businesses filing subchapter "s" companies, about 88% of net small business income will be for these taxes when we're depending on them to create two-thirds of the new jobs. boehner's trying to mitigate that mess. i wish him luck. something's going to f to have...
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Nov 30, 2012
11/12
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charles crowd hammer says president obama likes those tax rates so much let's let him live with them for everybody. >> what he will say is i wanted to do legislation to exempt the middle class, but the republicans wouldn't give me the bill. he is prepared, megyn, bluntly to sacrifice the interest of the larger whole to win a political fight. when i was working for clinton we did a deal with gingrich. there was never ever a sense that we would put politics ahead of getting a balanced budget. we got it, we won the election and this president is putting politics ahead of everything. megyn: if republicans give president obama the tax rates on the rich what do they have to negotiate with? why would they do it? >> i think president obama has the winning hand. >> he does. >> i'm not sure in the long term -- if there is a recession, either there won't be a recession or there will and the republicans will get the blame. that's and high wire act to do at this point. it's very risky from this kind of elect to take this. he could get 85% of what he wanted -- >> he's also gambling on one thing. t
charles crowd hammer says president obama likes those tax rates so much let's let him live with them for everybody. >> what he will say is i wanted to do legislation to exempt the middle class, but the republicans wouldn't give me the bill. he is prepared, megyn, bluntly to sacrifice the interest of the larger whole to win a political fight. when i was working for clinton we did a deal with gingrich. there was never ever a sense that we would put politics ahead of getting a balanced...
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Dec 7, 2012
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. >>> a month -- a month after being re-elected president obama's rating is up to 57%. that's the highest rating since navy s.e.a.l.s killed osama bin laden. >>> 7:35. the national football league says it would help the oakland raiders, build a new stadium. roger goodell says it is crucial that the raiders approve their stadium situation and that the nfl would help for a new one. the raiders have held talks about a new stadium but no progress has been reported. >>> changes could be coming to the nfl next year. why some want those kickoffs to be eliminated and what might replace it. >>> an 18-year-old palo alto man is in jail that injured three people. two people were hurt. one man was arrested. they suspect road rage or a dispute. >>> darnell and tanya washington are in court expected to enter murder pleas in the case of susie co. they were arrested in the seattle area. >>> joseph naso will not be tried until april. she's charged with -- he's charged with killing four people. the 78-year-old was originally scheduled to go to trial but it was rescheduled for january when
. >>> a month -- a month after being re-elected president obama's rating is up to 57%. that's the highest rating since navy s.e.a.l.s killed osama bin laden. >>> 7:35. the national football league says it would help the oakland raiders, build a new stadium. roger goodell says it is crucial that the raiders approve their stadium situation and that the nfl would help for a new one. the raiders have held talks about a new stadium but no progress has been reported. >>>...
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Dec 7, 2012
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president obama visited a northern virginia family who would suffer finally if a -- financially if a deal isn't reached. the president's approval rating is at its highest point since the raid that killdee killed osama bin laden. 42% believe the nation is heading in the right direction. >>> the san diego zoo two new additions. they're 14 week old clouded leopard cubs and their adorable. they are brothers and playful. they like to pounce on each other and climb and use each other as trampolines. they arrived earlier from the nashville view where there's a successful breeding program saying hello for the endangering expertise. they are adorable but grow into big guys. >> you want to take them home until they get really big. >> and send them back to the zoo. >> it's 5:20 hoping to stop the slide. did the raiders beat the broncos in oakland last night. >> i think we all know. >>> he's back at it, the dunk by lebron james that has earned our play of the day. >> did the raiders play in oakland yesterday, that's a better question. here's your snow report. if you're headed to the high country
president obama visited a northern virginia family who would suffer finally if a -- financially if a deal isn't reached. the president's approval rating is at its highest point since the raid that killdee killed osama bin laden. 42% believe the nation is heading in the right direction. >>> the san diego zoo two new additions. they're 14 week old clouded leopard cubs and their adorable. they are brothers and playful. they like to pounce on each other and climb and use each other as...
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Nov 30, 2012
11/12
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the rating creases that president obama and the democrats want? don't increase rates that cap deductions so people will pay more than what the republicans want or is it spending cuts from government? which of those three is the toughest? >> the most important issue is what the tax rates are going to be. all good business people make decisions on after-tax returns with you are looking at a worker you are going to hire or a new piece of equipment or expanding a business you look at the after-tax returns, that goes down as tax rate marginal tax rates go up. that is the big issue. dennis: if my marginal tax rate stays the same but i can't hire tax bill because they kept my deductions aren't i still going to not bought a welding torch i was going to buy? >> that may be. you made me pick one out of three. dennis: the thing we are worried about, there are things you say they can do. they should wait on spending but tell us about changing their tax filing status. >> one of those things we are going to see is a big difference between the personal marginal
the rating creases that president obama and the democrats want? don't increase rates that cap deductions so people will pay more than what the republicans want or is it spending cuts from government? which of those three is the toughest? >> the most important issue is what the tax rates are going to be. all good business people make decisions on after-tax returns with you are looking at a worker you are going to hire or a new piece of equipment or expanding a business you look at the...
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Nov 30, 2012
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she has gone more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive applica
she has gone more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive applica
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Dec 2, 2012
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treasury secretary timothy geithner, president obama's point man in these fiscal cliff negotiations, ran the gauntlet this morning. he appeared on all five sunday talk shows, including "meet the press" of course, what else did he say? >> craig, you know if we're in the posturing stage and a lot of people think we're still in the posturing stage with, 29 or 30 days to go. we better hope that they're just posturing, because after the period of optimism, the post-election talk of compromise, you remember john boehner came out the day after the election, the president spoke about compromise as well. they're as far apart as they ever have been and the clock is ticking. what timothy geithner said is as follows, nothing is going to get done unless republicans agree to raise rates on the wealthiest 2% of americans we know the figure by now. those couples filing jointly making more than $250,000. the rates must rise, not a matter of closing loopholes or deductions or simplifying the tax code this is the way it has to be to meet their revenue goals. contrary to what mitch mcconnell and john bo
treasury secretary timothy geithner, president obama's point man in these fiscal cliff negotiations, ran the gauntlet this morning. he appeared on all five sunday talk shows, including "meet the press" of course, what else did he say? >> craig, you know if we're in the posturing stage and a lot of people think we're still in the posturing stage with, 29 or 30 days to go. we better hope that they're just posturing, because after the period of optimism, the post-election talk of...
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Dec 4, 2012
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but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax rates. if they recognize the reality that we can't afford to extend those tax rates, then we have a basis for the agreement and that's going to be the responsible thing to do and my judgment is they are going to do it. >> joining me now, ezra klein, huffington post, ryan grim. ezra, what do you make of the boehner proposal that was kind of cribbed from erskine bowles? >> two things. one, republicans are terrified about by the polls showing that they are going to immediately get blamed if they are not willing to compromise. the reason you initiate the bowles' plan is you say, look, they are going along with the former chief of staff said. it's important to know that when erskine b
but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax rates. if they recognize the reality that we can't afford to extend those tax rates, then we have a...
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Dec 6, 2012
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president obama and house speaker john boehner have spoken on the phone. the president also met yesterday with ceos of some of the nation's largest companies hoping to convince them of the need of higher tax rates on upper income americans. >> we are not insisting on higher rates out of spite or bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor echoed of thoughts of his fellow republicans saying more needs to be done about spending. >>> the colorado movie theater where a gunman opened fire during the latest batman movie will finally reopen next month. aurora's mayor says the cineplex will open to the public on january 18. movie theater plans to run free movies for the first couple of days. you may recall 12 people were killed, 58 others injured, when holmes allegedly james holmes opened fire allegedly in july. >>> same-sex marriage is legal in washington signed into law last night by the governor. dozens of people got marriage licenses at the courthouse in seattle. the state has a three-day wait
president obama and house speaker john boehner have spoken on the phone. the president also met yesterday with ceos of some of the nation's largest companies hoping to convince them of the need of higher tax rates on upper income americans. >> we are not insisting on higher rates out of spite or bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor echoed of thoughts of his fellow republicans saying more needs to be done...
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Nov 29, 2012
11/12
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he wants these rates on the wealthiest americans raised. there is no other way to generate any significant income through deductions or any of the other restructuring they've suggested without also impacting the middle class. so -- or letting the very wealthiest americans get out scot-free. it doesn't touch somebody who is making 10 million a year or $20 million a year. they're just trying to avoid anything that's going to raise these rates and it's a mystery when 60% at least of the american people think that's an appropriate way to help balance the deficit. >> now, speaker boehner keeps telling us that he's put revenues on the table in form of closing loopholes, but democrats have not offered anything in terms of those earned entitlements. now, i know you said earlier that these are not connected issues, but are you and your colleagues willing to give any ground in terms of cuts, say, to medicare, medicaid, or social security or something? >> you know, this is somewhat laughable because, again, the republicans spent the entire campaign ta
he wants these rates on the wealthiest americans raised. there is no other way to generate any significant income through deductions or any of the other restructuring they've suggested without also impacting the middle class. so -- or letting the very wealthiest americans get out scot-free. it doesn't touch somebody who is making 10 million a year or $20 million a year. they're just trying to avoid anything that's going to raise these rates and it's a mystery when 60% at least of the american...
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the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir. stuart: here is an example of what i call tax hypocrisy. costco founder going to save because of the dividend payment this year. not next year, this year. the ceo, he is a very big obama supporter. even spoke at the democratic convention. >> a president who understands what the private sector needs to succeed. a president who takes the long view and makes the tough decisions. that is whh i am here tonight supporting president obama. stuart: supports president obama, supports tax the rich, but does not pay the rich taxes. i say tax hypocrisy and i am be
the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir....
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Nov 29, 2012
11/12
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a new report says president obama is being flexible with top tax rates as negotiations intensify. will that help republicans agree to a deal? we'll be talking to republican from wyoming senator john barrasso up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2
a new report says president obama is being flexible with top tax rates as negotiations intensify. will that help republicans agree to a deal? we'll be talking to republican from wyoming senator john barrasso up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest...
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Dec 3, 2012
12/12
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agreed with us and gave him the highest rating of unanimously qualified. i'd like to thank senators reid and mcconnell for breaking the logjam so that we could bring this to everyone's attention and commend senator leahy for the swift movement through the committee process. i take the -- i've had the opportunity to recommend several judicial nominees, and take my advise and consent responsibility very seriously. i have four criteria. my nominee must have absolute integrity, judicial competence and temperament, a commitment to core constitutional principles, and i ask for a civic engagement in maryland so they're familiar with the lief and -- life and times of the people they will adjudicate over. i mentioned these standards because often i -- i mention these standards often because i mean it. judge grimm does exactly that. he brings the right hard-working values to the bench and the necessary experience, sharpening his legal skills for many years as a litigator, a judge advocate general lawyer, a j.a.g. officer and indispensable asset to the district court
agreed with us and gave him the highest rating of unanimously qualified. i'd like to thank senators reid and mcconnell for breaking the logjam so that we could bring this to everyone's attention and commend senator leahy for the swift movement through the committee process. i take the -- i've had the opportunity to recommend several judicial nominees, and take my advise and consent responsibility very seriously. i have four criteria. my nominee must have absolute integrity, judicial competence...
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Dec 3, 2012
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. >> obama: i don't think it is acceptable for you for a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> stephanie: uh, yeah! let's go to kathy in mobile, alabama. >> mobile. >> caller: actually, it is mobile. i know you're not from the south. something i've heard recently which is totally stupid was someone made the comment that normally we only work 25 years and then we live only 40 years after that. a. >> stephanie: right. >> caller: which is crazy. if you started at 18, you reach retirement at 43 or even if you start working at 35. >> stephanie: this is something grover norquist said yesterday. i'm like who only works 25 years? math is -- that's what the president said. republicans have to stop using political math to say how much they're willing to raise tax rates on the wealthiest 2% and specify the spending cuts. they're the ones that aren't being specific. i'm flabbergasted how few details were in boehner's response. okay. kathy in illinois, you're on "the stephanie miller show". >>
. >> obama: i don't think it is acceptable for you for a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> stephanie: uh, yeah! let's go to kathy in mobile, alabama. >> mobile. >> caller: actually, it is mobile. i know you're not from the south. something i've heard recently which is totally stupid was someone made the comment that normally we only work 25 years and then we...
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Dec 5, 2012
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both democrats and republicans are willing to close and it's possible that we may be able to lower rates by broadening the base at that point. >> want to get to stephanie cutter former deputy campaign manager for obama 2012. stephanie, nice to have you with us this morning. appreciate your time as always. you're the -- >> thanks for having me. >> that was your old job. the former campaign manager. feels like the campaign is not over. the president has been on the road selling, you know, campaigning on this topic. on monday he didn't have any meetings about the fiscal cliff. on tuesday he was talking to the governors of six states. today, wednesday, he'll be addressing the business roundtable. there are some folks who have said why is he having all these meetings and not just sitting down with john boehner. the two need to get in a room and work this out. why not that? >> well, there are plenty of conversations going on, but soledad, we've been in this place before. unless republicans are willing to come to the table wait real proposal, not what they came to the table with this week, then
both democrats and republicans are willing to close and it's possible that we may be able to lower rates by broadening the base at that point. >> want to get to stephanie cutter former deputy campaign manager for obama 2012. stephanie, nice to have you with us this morning. appreciate your time as always. you're the -- >> thanks for having me. >> that was your old job. the former campaign manager. feels like the campaign is not over. the president has been on the road selling,...
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Dec 6, 2012
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six without doing rates. we aren't going to get to a trillion six so it becomes a little academic. >> can we get to 1.2 trillion where you think and i think and other people think we're going to end up without raising the rates? >> you can do it mathematically. it works. you know, you can write laws that do it. the question you have to say to yourself, do you want to start eliminating charitable deductions for state and local taxes, for charitable, health care, retirement funds? in other words do you really want to turn people's behavior inside out almost overnight by changing the way taxes work so quickly? >> you're as plugged in as anybody, mark, to washington right now. are these guys talking to each other in a real, meaningful way? i know they put out the information that the president talked to john boehner yesterday but are there real behind-the-scenes intense negotiations going on as we're now less than four weeks away from this thing? >> in talking to people on both sides yesterday they had the identi
six without doing rates. we aren't going to get to a trillion six so it becomes a little academic. >> can we get to 1.2 trillion where you think and i think and other people think we're going to end up without raising the rates? >> you can do it mathematically. it works. you know, you can write laws that do it. the question you have to say to yourself, do you want to start eliminating charitable deductions for state and local taxes, for charitable, health care, retirement funds? in...
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no rate increases in the top 2% of taxpayers. that's non-negotiable for president obama. >> we're not going to be able to got a deal without it. >> reporter: the white house says the republicans' math just doesn't add up. >> it's magic beans and fairy dust. >> reporter: negotiations have reached a stalemate. >> there's nothing going on privately that is not going on publicly. >> reporter: there is no plan at this time for congressional leaders to meet with the president at the white house, and it doesn't sound like he's sending out invitations any time soon. >> i don't think that the issue right now has to do with sitting in a room. >> reporter: earlier, the president met with the bipartisan group of governors. >> we understand this will be a shared sacrifice, you have to look at spending cuts. states are willing to do more with less. >> the governors didn't endorse a specific proposal, not the white house version or the house republican version, but they did say that something must be done to avoid those massive mandatory spendi
no rate increases in the top 2% of taxpayers. that's non-negotiable for president obama. >> we're not going to be able to got a deal without it. >> reporter: the white house says the republicans' math just doesn't add up. >> it's magic beans and fairy dust. >> reporter: negotiations have reached a stalemate. >> there's nothing going on privately that is not going on publicly. >> reporter: there is no plan at this time for congressional leaders to meet with...
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aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center in guatemala city, after complaining of chest pains. he's now back in his cell and could be send back to belize, where police want to question him about the murder of his neighbor. >>> now, here's diane sawyer with a preview of tonight's "world news." diane? >> so, josh, it's friday. it's great to talk to you. and how about a holiday tradition for years? everybody wondering, what happened to the determined little boy they loved? well, he's all grown up. and he has a perfect gift for you. tonight, behind the scenes of a christmas classic. and he is our "person of the week" tonight. >> cannot wait to see that. >>> and finally, well, we would be remiss if we did not recog
aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center in guatemala city, after complaining of chest pains. he's now back in his cell and...
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Nov 30, 2012
11/12
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stuart: president obama has got, 167 billion a month just about. don't rewrite economic history, julie. >> i'm not rewriting economic history. stuart: you are. >> i'm not-- >> i'm telling you if you lower tax rates you'll get more revenue. >> that's how do you it. >> i think history showed whether it's ronald reagan or-- >> ronald reagan, george w. bush and-- >> your a telling me that ronald reagan was not increasing deficits. stuart: ronald reagan increased-- >> here is what we're arguing about, you lower tax rates, you get more revenue. >> stuart. stuart: that's a lesson of economic history. >> stuart, i'm sorry. stuart: it is. >> the lesson of the reagan years and bush years, you-- >> it's factually true that when you lower rates, ronald reagan did it, dramatic lower of rates, the revenue to the treasury doubled in five years. that's true. >> are you telling me. stuart: you're saying, oh, he left a deficit. it was congressional spending that led it a deficit. let's get back to the original argument. if you now, right now, lowered tax rates you w
stuart: president obama has got, 167 billion a month just about. don't rewrite economic history, julie. >> i'm not rewriting economic history. stuart: you are. >> i'm not-- >> i'm telling you if you lower tax rates you'll get more revenue. >> that's how do you it. >> i think history showed whether it's ronald reagan or-- >> ronald reagan, george w. bush and-- >> your a telling me that ronald reagan was not increasing deficits. stuart: ronald reagan...
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Dec 5, 2012
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president obama, you know the deal, he wants to raise tax rates for the wealthy. house speaker john boehner wants to close tax loopholes, limit deductions for the wealthy. let's stay on the hill here, let's talk to senior congressional correspondent dana bash. we know the speaker -- we know speaker boehner met with conservative republicans today. did he get any backlash today from his plan? >> reporter: you know what, interestingly it doesn't seem like he did. we know that conservatives are not happy with the idea that their own house republican leadership proposed a plan that includes $800 billion in new revenue. we have seen -- reported on it extensively yesterday and the day before about the e-mail alerts that conservative groups have put out, republican senator jim demint was up-front about the fact he's not happy about it. however, when it comes to speaker boehner's own republican conference, as it is called, we're told they met for an hour and there wasn't backlash, that they were united behind him. it seems as though, brooke, that the speaker has, for now,
president obama, you know the deal, he wants to raise tax rates for the wealthy. house speaker john boehner wants to close tax loopholes, limit deductions for the wealthy. let's stay on the hill here, let's talk to senior congressional correspondent dana bash. we know the speaker -- we know speaker boehner met with conservative republicans today. did he get any backlash today from his plan? >> reporter: you know what, interestingly it doesn't seem like he did. we know that conservatives...
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Nov 29, 2012
11/12
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president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos wednesday. they offered support for resolving the fiscal cliff crisis with a proposal that includes higher taxes for those who make more than a quarter million dollars a year. >> at this point both sides have acknowledged that there is going to be revenue concessions and there will be entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in the business context as close as they are, i would say a deal would be in reach. >> interesting. bill ford jr. agrees with blankfein saying he's confident the obama administration can reach a deal with congress to avoid the fiscal cliff. but speaking with reporters in bangkok, ford says the automaker is prepared for any outcome. and it seems there's been a bit of a panic among retail investors in the credit market amid poin
president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos wednesday. they offered support for resolving the fiscal cliff crisis with a proposal that includes higher taxes for those who make more than a quarter million dollars a year. >> at this point both sides have acknowledged that there is going to be revenue...
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this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it does not add a penny to our deficit. that's ludicrus. >> i think that i'm unable to comment because i think the context may have something to do with the sense of lock box and where this money actually comes from and where it sits in the meanwhile before it gets spent. but i also think it's awfully important to remember that in terms of republican cooperation, the president really has been i think very sincere about seeking that cooperation and initially speaker boehner i think expressed with great sincerity his interest in cooperation. i dare say that there has been a lot of biplay among both the senators and the house members on what that cooperation is going to look like. but i do think it's awfully important that we not come out of this process and
this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it does not add a penny to our deficit. that's ludicrus. >> i think that i'm unable to comment because i think the context may have something to do...
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Dec 1, 2012
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obama's opening bid includes $1.6 trillion in new revenue, about half coming from higher rates for the wealthy. 600 billion in cuts to domestic programs like medicare. and 50 billion in new infrastructure spending. when treasury secretary tim geithner went to the capitol and laid out the plan for a senate republican leading mitch mcconnell, aides on both sides said mcconnell burst out in laughter. with talks now entering the final month, house republicans offer add more somber assessment. >> we're not interested in playing rope a dope. >> it was not a serious proposal. and so right now we're almost nowhere. >> reporter: so alex the clock is ticking. the president's public campaign trying to pressure john boehner, eric cantor and their charges in their house republican conference continues. he meets with governors this week here at the white house to talk about this time and more meetings with ceos, this is in the form of the business round table, a business lobbying group. >> being almost nowhere right now with just a month to go. yikes. we'll be talking about it again, mike. thank you
obama's opening bid includes $1.6 trillion in new revenue, about half coming from higher rates for the wealthy. 600 billion in cuts to domestic programs like medicare. and 50 billion in new infrastructure spending. when treasury secretary tim geithner went to the capitol and laid out the plan for a senate republican leading mitch mcconnell, aides on both sides said mcconnell burst out in laughter. with talks now entering the final month, house republicans offer add more somber assessment....
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Nov 30, 2012
11/12
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what's obama doing with this first offer, do you think? >> i'm not exactly sure because i don't understand the economic rationale behind it. look at the world that we are in. it is a 2% u.s. growth rate. it is not the 3% we are historically used to. look what's going on in europe. look what's going on in asia, the slowdown there. look at the context at which we want to take money out of the private sector. taxes by definition is contractionary. >> for a while i wondered in first term figured look, the president sooner or later will realize he needs jobs to get re-elected so will come onboard with pro-growth stuff and jobs he was able to, you know, to be re-elected at 7.9%. now you want a legacy that shows that you had a good economy and that you got the jobless rate down. so you are going -- i'm -- maybe there's just a disconnect between whether people that work for him really understand what generates economic growth and jobs and what doesn't. and -- i mean, we will transform society in a way that maybe is more positive for him, obama car
what's obama doing with this first offer, do you think? >> i'm not exactly sure because i don't understand the economic rationale behind it. look at the world that we are in. it is a 2% u.s. growth rate. it is not the 3% we are historically used to. look what's going on in europe. look what's going on in asia, the slowdown there. look at the context at which we want to take money out of the private sector. taxes by definition is contractionary. >> for a while i wondered in first...
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they still have a stand off over the rates. the president still wants to raise rates on the top 2% of americans. the speaker is not moving on that position. this comes on the same day that secretary geithner made it clear in language they have not used before, just how far they're willing to go in the administration to stand by those terms. >> is the administration prepared today go over the fiscal cliff? >> absolutely. there is no agreement without those rates going up on the top 2%. and they all get a tax cut on the first $250,000 of their income. >> reporter: so wolf, it's a step forward that they're talking, but in essence, where we stand right now, it's still a stalemate. >> any indication that the vice president, secretary of treasury, others are talking with top people on capitol hill? meeting face to face and going through these items line by line? >> reporter: my understanding is that the white house is not going to start negotiating the details until they hear either more specifics from republicans on the rest of thei
they still have a stand off over the rates. the president still wants to raise rates on the top 2% of americans. the speaker is not moving on that position. this comes on the same day that secretary geithner made it clear in language they have not used before, just how far they're willing to go in the administration to stand by those terms. >> is the administration prepared today go over the fiscal cliff? >> absolutely. there is no agreement without those rates going up on the top...
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Dec 6, 2012
12/12
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if the bush cuts expire at the end of the year, that would brick the overall tax rate for higherners in rainfall -- high earners to 51%. >>> this afternoon, president obama will visit a family in northern virginia. he will be talking about the importance of congress extending tax cuts for middle- klaas americans. it's all -- middle-class americans. it's tall about taking action to avoid the fiscal cliff by the end of the month. >>> back here, san jose police investigating a dadly hit and run. last night a man believed to be in his 50s was killed while crossing the intersection at white and kimby roads. he's the -- qwimby roads. the investigation continues. >>> and essex street is opening back up after being closed by a violent early-morning crash. the driver hit a fire hydrant at folsom street while police were trying to pull him over. claudine wong has been on this story all morning. you are back. >> reporter: that's right, dave. within the last minute, the crews have cleared out. you can see the street is back open for business. i think the building inspector for the city just left
if the bush cuts expire at the end of the year, that would brick the overall tax rate for higherners in rainfall -- high earners to 51%. >>> this afternoon, president obama will visit a family in northern virginia. he will be talking about the importance of congress extending tax cuts for middle- klaas americans. it's all -- middle-class americans. it's tall about taking action to avoid the fiscal cliff by the end of the month. >>> back here, san jose police investigating a...
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Nov 29, 2012
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. >> did you see this, obama is flexible on highest tax rates. >> administration official. white house officials later signaled that. he didn't signal it in anything he said. >> i spoke to a couple who were at the meeting yesterday, some of the executives, who felt, and this is like the implied feeling that he was now more willing to deal on the highest rate. >> did you hear anything about spending cuts or entitlement reform? >> two conversations are taking place. one if the public trying to get them behind you. the other is whether you're actually saying to the people you're negotiating with. and when you saw the signal, it was like, okay, maybe they'll get to that, i don't know, 37% or 500,000 or something. what we had been talking about two weeks ago. maybe that's where they're headed. stocks did gain ground on optimism around the idea that we could reach some sort of a deal to overt the fiscal cliff. the dow closing more than 100 points higher after being down by more than that during the session. a swing like that hasn't happened since october 2011. u.s. equity futures
. >> did you see this, obama is flexible on highest tax rates. >> administration official. white house officials later signaled that. he didn't signal it in anything he said. >> i spoke to a couple who were at the meeting yesterday, some of the executives, who felt, and this is like the implied feeling that he was now more willing to deal on the highest rate. >> did you hear anything about spending cuts or entitlement reform? >> two conversations are taking place....
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Dec 6, 2012
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agenda for unrealistically insisting on raising tax rates. the other tax increase that is set to hit american families very hard very soon is the alternative minimum tax. you recall, mr. president, that that a.m.t. tax was created in 1969, and they did that when someone discovered that there were 155 people all across the country, only 155 people who actually had made a lot of money but they didn't pay any taxes on it. and we know why. it was because of various tax loopholes. congress could have done something to close those loopholes, but instead congress created a whole separate tax scheme. then to make matters worse, didn't index the income limits for inflation. so congress comes along every year and acts a patch to keep the tax from hitting the middle class. the problem is it still has done nothing to patch the a.m.t. for this year. so i have another chart here about the millions of people who will owe the a.m.t. come next april, 2011, three million people paid that a.m.t. remember it was designed because of 155 people who didn't pay taxe
agenda for unrealistically insisting on raising tax rates. the other tax increase that is set to hit american families very hard very soon is the alternative minimum tax. you recall, mr. president, that that a.m.t. tax was created in 1969, and they did that when someone discovered that there were 155 people all across the country, only 155 people who actually had made a lot of money but they didn't pay any taxes on it. and we know why. it was because of various tax loopholes. congress could...
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Dec 4, 2012
12/12
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to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> let's talk about the fiscal cliff and more with congresswoman debbie wasserman schultz of floor, chair of the democratic national committee. and the president has nominated you for another term. let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential. there's no way mathematically, if you look at the republican's proposal, that you can get to the deficit reduction that we need to with preserving the middle class tax cuts by not increasing as the republicans refuse to do the upper tier rates. there's
to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> let's talk about the fiscal cliff and more with congresswoman debbie wasserman schultz of floor, chair of the democratic national committee. and the president has nominated you for another term. let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as...
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Dec 3, 2012
12/12
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republicans have balked at raising those tax rates. they are identified by marcus at countries job creators. >> for the first time in two decades, they are there will tell revenues go up as part is the plan. but they have to tell us what they're willing to do with revenues. it's definitely very hard for republicans. reporter: earlier you saw the meeting of four congressional leaders on november 16 at the white house. at that time, harry reid spoke of a follow-up session was to be held next week. that never helped happened and the clock ticks on. jenna: we have that clock right on our screen. just in case you forgot. jon: get ready for the baby. just into fox news, prince william and his wife, the former kate middleton, they are expecting. standing in a grocery line, looking at the tabloids, and one of them said she is pregnant. they may be onto something be till they beat the palace on this one. jon: here is the very official reading from the clarence house. it reads that the royal highness the duchess of cameras are very pleased to an
republicans have balked at raising those tax rates. they are identified by marcus at countries job creators. >> for the first time in two decades, they are there will tell revenues go up as part is the plan. but they have to tell us what they're willing to do with revenues. it's definitely very hard for republicans. reporter: earlier you saw the meeting of four congressional leaders on november 16 at the white house. at that time, harry reid spoke of a follow-up session was to be held...
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Nov 30, 2012
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, will republicans agree to raising tax rates on the wealthy as president obama made clear. are you willing to go over the fiscal cliff if republicans do not agree that that? >> i think if there is no agreement whatsoever, the president has probably no choice but to say, okay, we're going to go over the cliff. that would no be my first preference. my first preference is that as we get closer to the cliff, that we find an agreement that makes some sense, so we don't have to go over it. if we don't go over,'re entering very unchartered waters. who knows how the markets will react, what will happen -- i hope we don't have to go over. >> and it could hit almost every single american, which is why when people are watching this, they're so frustrated they can't do what the american people want them to do. so are you telling me that congress needs a deadline and likes to go up to the deadline, is it posturing? >> no, the world is run by deadlines, you know, it's human nature not to do when you know what you should until you get closer to that deadline. it would be better if we work
, will republicans agree to raising tax rates on the wealthy as president obama made clear. are you willing to go over the fiscal cliff if republicans do not agree that that? >> i think if there is no agreement whatsoever, the president has probably no choice but to say, okay, we're going to go over the cliff. that would no be my first preference. my first preference is that as we get closer to the cliff, that we find an agreement that makes some sense, so we don't have to go over it. if...
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they would pay higher rates that president obama is proposing. it would be a direct hit on job creation. and over and talk about raising tax rates at the top, it is not because we are worried about whether the rich can buy an extra vote. we are worried about their ability to invest in the economy. host: let's hear from mary in topeka, kansas. caller: i had a couple of comments. and then maybe let them answer. one, a republican, but i guess i'm not a very loyal one because at this point, between the republicans and the democrats, i am totally fed up with what comes across on the national news. both sides seem to be spending the truth in july's for their own political gain. -- into lies for their own political gain. we need a solution that is not 25 years away. but i do not know how it is going to be done when the president -- and as far as i can see, he has not even sat down for a talk that lasts more than an hour or so. he has other people doing is talking and expects the republicans to try to make a deal. you cannot make a deal with a third part
they would pay higher rates that president obama is proposing. it would be a direct hit on job creation. and over and talk about raising tax rates at the top, it is not because we are worried about whether the rich can buy an extra vote. we are worried about their ability to invest in the economy. host: let's hear from mary in topeka, kansas. caller: i had a couple of comments. and then maybe let them answer. one, a republican, but i guess i'm not a very loyal one because at this point, between...
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and what the obama administration has made very clear is it's got to be tax rate. well, the republicans are saying, doesn't have to be the tax rate. you can come up with other money closing loopholes and deductions and stuff like that. so right now it's just a dance, somebody's got -- the republicans have to come up with a formal offer. >> gretchen: i was going to say, they don't have a plan. >> steve: we've heard the president's plan. it's crazy, according to the republicans. now it's time for the republicans to come out with a plan and then have the democrats say, no, that's crazy. >> gretchen: one thing is for sure, nobody is going to get everything that they want. that's just the way it is, i think, in this very difficult situation. both sides are going to have to compromise. >> brian: i think the rolling stones sang about satisfaction and you can't always get it. >> steve: you can't get no. >> brian: we'll go over that and maybe sing it. costco is a company in which the president always leans on the ceo, the guy in charge, to show that he's in touch with ameri
and what the obama administration has made very clear is it's got to be tax rate. well, the republicans are saying, doesn't have to be the tax rate. you can come up with other money closing loopholes and deductions and stuff like that. so right now it's just a dance, somebody's got -- the republicans have to come up with a formal offer. >> gretchen: i was going to say, they don't have a plan. >> steve: we've heard the president's plan. it's crazy, according to the republicans. now...